Hotels

Emaar to invest in Indian market

April 13- Emaar Properties is hoping to revive its hospitality sector plans for the Indian market where it already has a presence through a joint venture company, Emaar MGF, it was learnt through reports published in Indian newspapers. In this regard, Shravan Gupta, Vice-Chairman, Emaar MGF, pointed out that the group‘s hospitality plans for the Indian market were temporarily shelved but “now, with the market showing clear signs of recovery, we are revisiting some of those plans.” Similarly, Mohamed Ali Alabbar, Chairman of Emaar Properties said that "we are very bullish on the India market for our hospitality business and together with our partner, are in the process of identifying a viable site to launch Armani hotels."

Meanwhile, a spokesperson for the company said that “Emaar MGF is currently in the process of launching its initial public offering (IPO) and all information relating to the company has been stated in the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India. As required under Indian regulations, no additional information can be provided until the completion of the IPO."

Emaar Properties is the group responsible for building the tallest tower in the world -- the Burj Khalifa in Dubai. Besides the UAE and India, Emaar also has a presence in Egypt, Turkey, Morocco, Jordan, the US and Pakistan.

More Hotels
Jumeirah Beach Hotel, Dubai, will be closed for renovation in summer 2018
Hilton’s ‘bleisure’ travel option – a new way to work and play
Family friendly hotels most popular for long weekends
Latest Travel News
Jumeirah Beach Hotel, Dubai, will be clo...
Etihad Airways National Day takeover of ...
World’s longest urban zipline launches i...
Featured Sights To See
Tahrir Square (Liberation Square)

Tahrir Square (Liberation Square)

Cairo, Egypt

Midan Tahrir is the center of modern Cairo. It's a place where several popular landmarks (the Egyptian Museum, the American University in Cairo, the Arab League and the Hilton and Intercontinental Hotels) are located and where congested traffic and un-pedestrian-friendly drivers may alarm the timid tourist. Yet, the hustle and bustle of the square is still interesting and soulful enough because of...

The Botanical Gardens

The Botanical Gardens

Oslo, Norway

The Botanical Gardens are a large oasis in the middle of Oslo. The gardens collect plants from around the world and are said to have more than seven thousand plants inside. The gardens, with waterfalls and other soothing features, are also home to several near-extinct plant species native to the city. Address: Sers’ Gate 1, 0562 Oslo Tel: +47 22-85-17-00   ...

Hamidiyyeh Clock Tower

Hamidiyyeh Clock Tower

Beirut, Lebanon

The Ottoman Clock Tower was built on the grounds of the Grand Serail in 1897. It marked the 10th anniversary of Sultan Abdul Hamid II’s coronation. The need was felt for a public clock that would indicate the Muslim prayer timings. The clock that stands 25 meters tall was the tallest structure in Beirut at the time of its completion. The Clock Tower houses a huge bell weighing 300 kgs on its third...

What to do with Children in Tow

What to do with Children in Tow

Sharjah, United Arab Emirates

One of the best places to take children in Sharjah is the Sharjah Desert Park. The Arabian Wildlife Centre offers a Children’s Farm (531 1127, noon-4pm, Dh5 on weekends) where children can pet and feed goats, ducks and ride ponies and camels. The Natural History Museum might also be a good draw card for your children as well as Qanat al-Qasba with the Eye of the Emirates and go-kart track (see Pla...